Results of the Offering of Bigbank AS AT1 Bonds
The Management Board of Bigbank AS approved the final allocation of the private placement of notes qualifying as Additional Tier 1 (AT1) own funds of the bank, according to which 339 notes with nominal value 10,000 EUR each are allocated to in total 45 investors. As the initial issue volume of EUR 3 million was oversubscribed by 390 000 EUR, Bigbank AS used its right to increase the total issue volume to 3.39 million euros.
Bigbank AS (www.bigbank.eu) is a bank based on Estonian capital focused on loans and deposits of private and corporate customers, which, in addition to activities in Estonia, has branches in Finland, Sweden, Latvia, Lithuania and Bulgaria, and which also offers its products as a cross-border service in Austria, Germany and the Netherlands. Bigbank AS balance sheet exceeds 1.5 billion euros.
Argo Kiltsmann
Member of the Management Board
Telephone: +372 5393 0833
E-mail: [email protected]
www.bigbank.ee
